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Chem Regs Report: A Possible Blueprint for EU Rulemaking?
(Tuesday, August 23, 2016) Might a "revolutionary" EU report on chemicals regulations represent a turning point?
Sasol Boosts Lake Charles Costs to 'Worst-Case' $11 Billion
(Tuesday, August 23, 2016) The revision reflects “poorer-than-anticipated subsurface conditions," requiring more ground works, weather delays, and higher construction and labor costs, the Johannesburg-based company said in a statement.
China Refiners, Petrochemical Companies to Propose CO2 Benchmarking Plan
(Tuesday, August 23, 2016) China's oil refining, petrochemical and chemical companies will propose a plan to benchmark their carbon dioxide (CO2) emissions as the first step toward setting up an emissions market for the sector, the group's industry association said on Tuesday.
Saudi's Sipchem Says Production Back to Normal
(Monday, August 22, 2016) Saudi International Petrochemical Co (Sipchem) said on Monday that a technical problem at its unit International Gases Co, which had disrupted operations at two other units since mid-August, had been resolved and production was back to normal.
Exxon, GT Find Way to Cut Carbon Emissions for Chemicals -Science
(Thursday, August 18, 2016) Reverse osmosis, which has been widely used for decades in desalination plants that turn seawater into drinking water, has long been seen as having applications for the oil and chemicals industry.
Mexico Announces Launch of Cap-and-trade Pilot Program
(Tuesday, August 16, 2016) Mexico will launch a year-long simulation of a cap-and-trade program in November, Mexican officials said on Monday, in a test run for a national carbon market expected to launch in 2018.
Malaysia's Petronas Chemicals Says 2 Killed from Ammonia Leak at Plant
(Tuesday, August 16, 2016) Malaysia's Petronas Chemicals Group Bhd said on Tuesday that an ammonia leak at one of its plants in the eastern state of Sabah killed two employees and injured three.
EU Regulators to Investigate Dow, DuPont $130 Bln Merger
(Thursday, August 11, 2016) EU antitrust regulators have opened a full investigation into Dow Chemical and DuPont's proposed $130 billion merger, saying the deal may reduce competition in crop protection, seeds and some petrochemicals.
The Yoga-Mat Chemical's Quiet Fast-Food Exit
(Thursday, August 11, 2016) Azodicarbonamide is a commonly used dough conditioner that is also found in yoga mats, as well as in flip-flops and packing insulation, because it makes them both lighter and stronger, according to an advocacy group.
Mexico Chemical Giant's Brazilian Ambitions Win Over Investors
(Thursday, August 11, 2016) Alpek SAB is studying a pivot toward South America with a record acquisition in Brazil -- and winning applause from investors.
Sinopec Studying BP's Terms for SECCO JV Exit Plan
(Wednesday, August 10, 2016) Sinopec is currently discussing the conditions put forward by British oil and gas major BP plc for its planned exit from their SECCO petrochemicals joint venture, a Sinopec spokesman told Reuters on Tuesday.
Saudi Petchem Margins Benefit from Oil, but Not for Long
(Monday, August 08, 2016) Second-quarter earnings in Saudi Arabia's petrochemical industry beat expectations as producers reaped the benefits of volatile oil prices, but companies look unlikely to be as lucky in the second half of this year.
Britons Will Decide How to Spend $1.3 Bln Shale Gas Fund
(Monday, August 08, 2016) INEOS, which controls Britain's largest shale gas sites, has pledged to increase the percentage of its revenue it would pay to communities to 6 percent. It said these payments could add up to 2.5 billion pounds.
Braskem to Start Talks with US Authorities over Corruption Accusations
(Friday, August 05, 2016) Braskem SA, Latin America's largest petrochemical company, said on Thursday it will start talks with U.S. authorities over accusations of corruption linked to a massive graft investigation in Brazil.
Russia's Rosneft Delivers First Gasoline Cargo To Asia-Pacific
(Thursday, August 04, 2016) Rosneft said its trading arm delivered an inaugural gasoline cargo to the Asia-Pacific, marking what could be Russia's first foray into a region dominated by OPEC producers from the Gulf.
China to Work to Cut Excess Capacity in the Petchem Industry
(Wednesday, August 03, 2016) China will make efforts to cut overcapacity in its petrochemical industry by shutting down outdated plants and consolidating production in the sector, China's cabinet said on Wednesday.
Thai Oil Says New Petchem Plant to Boost Profit Margin
(Wednesday, August 03, 2016) A new $400-million petrochemical plant operated by Thailand's largest oil refiner Thai Oil should boost its profit margin by 40 cents per barrel from the third quarter, the company's Chief Executive Atikom Terbsiri said on Wednesday.
'Engineering of Biology' Inspires Zika-fighting Mosquito, GTL Tech
(Tuesday, August 02, 2016) 'Synthetic biology' firm Intrexon sees numerous potential midstream ventures as it commercializes gas-to-liquids (GTL) process to produce fuels, chemicals from methane.
Turkey's Petkim Says Operations Continue after Reports of Police Operations
(Tuesday, August 02, 2016) Turkey's biggest petrochemicals company Petkim said on Tuesday media reports that police have launched operations at its main facility in Aliaga have not affected operations.
Mexico's Alpek to Pay Up to $700 Mln for Petrobras' Petchem Assets- Source
(Monday, August 01, 2016) Petrobras' petrochemical units have accumulated 5.6 billion reais ($1.7 billion) in losses over the last two years, which included impairment charges related to the largest-ever corruption probe in Brazil.